Yes Man- The Untold Story of Rana Kapoor

FREE Delivery
Express Shipping
$25.60
$32
(20% off)
Express Shipping: Guaranteed Dispatch in 24 hours
Quantity
Delivery Ships in 1-3 days
Item Code: NBZ025
Author: Pavan C. Lall
Publisher: Harper Collins Publishers
Language: ENGLISH
Edition: 2021
ISBN: 9789390351008
Pages: 230
Cover: PAPERBACK
Other Details 8.50 X 5.50 inch
Weight 210 gm
Fully insured
Fully insured
Shipped to 153 countries
Shipped to 153 countries
More than 1M+ customers worldwide
More than 1M+ customers worldwide
100% Made in India
100% Made in India
23 years in business
23 years in business
Book Description
Prologue
At exactly 3.14 p.m. on Friday, 28 September 2018, Rana Kapoor, the only remaining founder-promoter running the private lender Yes Bank, fired off a series of premeditated messages to the financial world as he tweeted: 'Even after I demit office as MD & CEO of Yes Bank, I will never ever sell my @YESBANK shares: Sixty seconds later, that was followed by: 'I will eventually bequeath my @YESBANK Promoter shares to my 3 daughters and subsequently to their children, with a request in my Will stating not to sell a single share, as Diamonds are Forever!!' His spirited endorsements that afternoon ended with a third and final tweet: 'Diamonds are Forever: My Promoter shares of @YESBANK are invaluable to me’.

Twitter, the social media platform which is an increasingly popular choice for Indian promoter-billionaires who don't want to deal with the double-edged consequences that can come with mainstream media interviews, was being used by Kapoor with good reason.

Fourteen years after the creation of Yes Bank, Kapoor, who was seen in the business world of bank promoter-founders as a latecomer-albeit a successful one-was starting to face questions around corporate governance and the manner in which Yes Bank was giving loans to companies.

Three months ago, the bank's shareholders had given Kapoor's reappointment the green light, before sending it to the Reserve Bank of India (RBI) for final clearance. However, that never happened despite the bank board clearing Kapoor's appointment until 2021. If the tweets were expected to bolster the bank's stock prices, they fell woefully short. On the contrary, Yes Bank's share value fell by more than a third one week later, thanks to news that the RBI was ejecting Kapoor.

The message was loud and clear: Yes Bank had been told to find his replacement within the next three months.

What had caused the central bank to react in this manner? In recent times, the banking industry had started to clamp down harder on corporate finance, thanks to a growing number of bad loans across both private and state-owned banks.

The asset quality review across banks, which was initiated in December 2015, resulted in an increase in bad loans over 6,00,000 crore. The list of lenders included Yes Bank. All banks were asked to disclose how they were reporting bad loans. One likely and immediate trigger that had brought on the heightened scrutiny had transpired just seven months ago in February.

Book's Contents and Sample Pages






Frequently Asked Questions
  • Q. What locations do you deliver to ?
    A. Exotic India delivers orders to all countries having diplomatic relations with India.
  • Q. Do you offer free shipping ?
    A. Exotic India offers free shipping on all orders of value of $30 USD or more.
  • Q. Can I return the book?
    A. All returns must be postmarked within seven (7) days of the delivery date. All returned items must be in new and unused condition, with all original tags and labels attached. To know more please view our return policy
  • Q. Do you offer express shipping ?
    A. Yes, we do have a chargeable express shipping facility available. You can select express shipping while checking out on the website.
  • Q. I accidentally entered wrong delivery address, can I change the address ?
    A. Delivery addresses can only be changed only incase the order has not been shipped yet. Incase of an address change, you can reach us at [email protected]
  • Q. How do I track my order ?
    A. You can track your orders simply entering your order number through here or through your past orders if you are signed in on the website.
  • Q. How can I cancel an order ?
    A. An order can only be cancelled if it has not been shipped. To cancel an order, kindly reach out to us through [email protected].
Add a review
Have A Question

For privacy concerns, please view our Privacy Policy

Book Categories